Enter to Win SEGWUN SUNSET DINNER CRUISE FOR TWO

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ENTER TO WIN

Segwun Sunset Dinner Cruise for Two

Approximate value $300. No skill testing question is required. Must be 19 years or older.
Closing April 2nd 2017, 9pm. Draw to be held April 7th, 2017.

 

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Cottage Buyer’s Guide

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Are you thinking of buying a cottage in Muskoka or Almaguin Highlands this year?

Here’s a guide to get you started. I’ve include three different areas;
1 – South Muskoka (includes Gravenhurst, Bracebridge, Muskoka Lakes)
2 – North Muskoka (includes Huntsville/Lake of Bays
3 – Almaguin Highlands

 

1 – South Muskoka

Use the chart below to help determine what you can afford. If you are looking at a “medium” size lake with a “mid-range” cottage you can expect to spend $425,000 to $550,000, see highlight below in yellow.

The graph below displays the unit sales by price range and the cumulative percentage of sales for each price catagory. Note: 42% of cottages sold in South Muskoka are under the price of $500,000 and 74% of sales are under $1,000,000.

 

2 – North Muskoka

Now lets take a look at Huntsville/Lake of Bays. You will notice that the cottage pricing in my opinion is slightly less. “mid-range” cottage on a “medium” size lake costing from $400,000 to $500,000.

Looking below at the unit sales by price range, 48% of the cottages sold in this region are under $500,000.

 

3 – Almaguin Highlands

In Almaguin Highlands you will find the most bang-for-the-buck, but you must be willing to drive a bit further north. A “mid-range” cottage on a “medium” size lake will run you $350,000 to $450,000. A fairly substantial difference than South and North Muskoka.

In Almaguin Highlands you will find that half the sales are under $300,000.

The tables are designed to provide an overview of the price ranges found in certain general types of cottages and lake sizes. With the uniqueness of each waterfront property and the endless variations, the best advice and information will always be provided by a local real estate agent.

Don’t hesitate to call us today, we’re here to help! Contact

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New Listing – Huntsville Home For Sale

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$379,900

Virtual Tour

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This beautifully appointed home sits on 19+acres surrounded by mature trees, open fields and with it abutting 1000’s of acres of crown land the privacy is endless. The 2800 sqft is meticulously maintained throughout. The main floor is spacious offering an open concept kitchen, dining & family room with cathedral ceilings and pine floors throughout.  The floor plan features 3 bedrooms including the master bedroom plus a 4pc bathroom/laundry combination. The large back deck & 3-season Muskoka Room offers great privacy & more space for summer dining. The lower level walk-out is fully finished with rec room, fitness area, 4th bedroom and a 4pc bath. In addition there is a double detached garage. The property is great for off road vehicles, snowmobiles & more. Just down the road is Buck Lake with access to the public beach and picnic area. Only a 20-min. drive into Huntsville, this home & property can check off a lot of boxes.

Contact the Aben Team to book a showing!

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New Listing – 4-Season Cottage on Clam Lake For Sale

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$599,900

Virtual Tour

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This fully furnished 4-season cottage on Clam Lake offers great privacy and quiet, great fishing, boating, close to winter & summer trails. The cottage sits on a level 2 1/2 acre lot with plenty of space for the entire family! Well maintained and lovingly cared for this 1300+ sq ft property features 3 bedrooms + a bunkie, bright open concept living, dining & fully equipped kitchen, central vac, propane fireplaces in the living area and master bedroom, and 3 bathrooms. Spend summer evenings barbecuing on the lake-facing deck or relaxing in the screened-in Muskoka room. It’s a gentle slope to the waterfront with a sandy shoreline, extensive dock and 255’ of frontage.  The detached 3 bay garage with RV access door, and loft space for storage is a bonus. Close proximity to town, bordering on Muskoka & Algonquin Park. This cottage offers charm, comfort and that true cottage feel, it is worth a look.

Contact the Aben Team today to book an appointment to see this great 4-season cottage for sale 

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Thinking of investing in a cottage on Lake Joseph or Lake Rosseau?

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Response to an email received earlier today. Hi Ted, Thank you for your inquiry into to a potential cottage purchase on Lake Rosseau or Lake Joseph. Interesting question – – What’s the percentage increase in value compound yearly for a cottage of either of these lakes.   I’ve included a number of graphs below to aid in determining if a cottage on Lake Joseph or Lake Rosseau is a good investment.   Graph below shows the unit sales for both lakes, Rosseau at 55 and Joseph at 50 sale. Reasonable increase year over year and highest sales volume since at least 2006.     Next is the average sale price and median sale price for Rosseau. There was one substantial sale over $10MM on Rosseau that really kicked up the average price for 2016.     Same below for Joseph, but in this case the $10MM+ sale was in 2015, therefore we see average price dropping for 2016.     Because of the swings in average sale price, I thought it would be best to combine both lakes to get more data and smoothen the graph. With more data, I suspect more accurate representation of the numbers.   Below, I’ve included sales since 2000, rising steadily until the 2008 recession, but since has recovered nicely and surpassed the 2007 highs. I’ve calculated the compound percentage increase year-over-year and arrived at 5.75% for average price and 8.1% for the median price. Trendlines showing good growth and I see no reason for this not to continue this year.   Finally for some idea of what price ranges are moving more than others. The chart below represents all cottage sales in Muskoka, not just for Joseph and Rosseau. Last year only one sale over $10MM. This sale, as mentioned earlier was on Lake Rosseau. Interesting to note the larger volume of sales for higher priced cottages, $3MM-$4MM almost doubled in unit sales year-over-year. Consistent increases in all higher price ranges.      If you would like to have more details let me know.   Warmest regards, John Aben Direct: 705-788-4770

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2016 Muskoka Real Estate Market, Year in Review

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2016 has proven to be a year of significant increases in the Muskoka real estate market, with double digit percentage growth in unit sales for Muskoka residential and recreational properties. Muskoka average sale prices have jumped 10.4% for recreational properties and 7.1% for residential.

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